> For the complete documentation index, see [llms.txt](https://docs.swivel.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.swivel.finance/swivel-v3.0.0/other-resources/institutions/rate-profile-optimization/page-untitled-1/3untitled.md).

# Risk Management and Insurance

Risk managers and insurance companies will often employ rates derivatives to hedge volatility on their fixed income portfolios held or the fixed income liabilities the institution has issued.<br>